Millworks Technologies has announced the receipt of confirmed orders aggregating to approximately ₹53.74 crore, significantly strengthening its business momentum for the FY27 financial year. According to reports from PNN, this latest order inflow has increased the company's total confirmed order book to ₹121.88 crore, providing strong revenue visibility for the upcoming period. As a newly listed entity on the BSE SME platform, this order confirmation represents an important validation of the company's execution track record and operational capabilities. The strong pipeline of secured projects is expected to support sustained business growth and operational momentum in the near to medium term.
The newly secured projects are primarily from the aerospace, railway and defence sectors, as reported by PNN. This sectoral diversification underscores the company's strong execution capabilities and continued client trust across multiple high-value industrial segments. The order composition reflects the company's established presence and expertise in these strategic industrial sectors, with a significant portion of these orders coming from a customer that is part of a leading global manufacturing group, demonstrating the quality and consistency of the company's facilities. The expanded order book reinforces the company's position in the industry while strengthening its presence across domestic and international markets.
In a related development, Millworks Technologies is pleased to announce that Quick Pay, in which the company holds an equity stake, has delivered the AASHVAST Lab. According to PNN, the AASHVAST lab was inaugurated by General Dhiraj Seth, Chief of the Army Staff, with Quick Pay's firmware suite becoming part of the Indian Army's own offline evaluation infrastructure for military electronics. This establishes Quick Pay as an indigenous firmware assurance partner to the defence establishment, with scope to extend beyond UAVs to other electronic platforms. As per PNN, firmware has historically been the least examined layer in defence electronics inspection, and Quick Pay has built an offline, in-house capability that closes this gap for the Directorate General of Electronics and Mechanical Engineering.
Commenting on the development, Mr. Sridhar Acharaya, Managing Director of Millworks Technologies Limited, said, "The orders we are announcing today strengthen our confirmed order book and give us clear revenue visibility for FY27. As a newly listed entity, this is an important validation of our execution track record -- a significant portion of these orders has come from a customer that is part of a leading global manufacturing group, which speaks to the quality and consistency our facilities are able to hold. Equally significant for us is the progress at our investee company, Quick Pay. Delivered into a facility inaugurated by General Dhiraj Seth, Chief of the Army Staff, AASHVAST positions Quick Pay as a first-of-its-kind indigenous firmware assurance provider for Indian Army electronics. As an equity stakeholder, we expect this capability to build a recurring institutional defence relationship for Quick Pay and to deepen the Group's participation in the domestic defence electronics ecosystem. Alongside our own precision manufacturing base in aerospace and defence, our emphasis will remain on operational discipline, customer satisfaction and capitalising on emerging opportunities across domestic and international markets."
Millworks Technologies Limited is a Bengaluru-based precision engineering manufacturer providing machined components, sheet metal parts, and integrated assemblies for mission-critical applications across railways, aerospace, defence, and semiconductor sectors. Founded in 2021 by Mr. Sridhar Acharya (MD) and Mr. Madhu HK (Whole-Time Director), the company operates under both Build-to-Print (BTP) and Build-to-Spec (BTS) models, offering full-scope manufacturing as well as job-work services, primarily to OEM customers. With four manufacturing facilities in Bengaluru, the company has capabilities in precision CNC machining, sheet metal fabrication, welding, EDM, laser cutting, assembly, and inspection, supported by AS9100D and ISO 9001:2015 certified quality systems. The company was listed on the BSE SME platform on 21st July 2026 and reported a total income of ₹153.40 crore, EBITDA of ₹56.30 crore, and net profit of ₹37.06 crore in FY26, with 27.47% generated from exports to customers across twelve countries.
